Turning GDPR compliance into new business opportunities

With less than 3 months to go until its implementation, GDPR compliance should be the top priority to any entity, which keeps any type of personal data related to any European individual. Find out more about the opportunities and threats that this new regulation can bring to your business and learn about what Mazars can do to make your organisation compliant and beyond, by exploring.

What is GDPR?

The General Data Protection EU Regulation, adopted by the European Parliament
on 14 April 2016 and entered into force on 25 May 2016. It is the result of four years
of work by the EU to bring data protection legislation into line with the way data
is used today. It replaces current EU directive, which has been implemented into
local systems (in Slovakia Act no.122/2013 Coll.).

There are three aspects to GDPR compliance:

-          Technical

-          Organizational

-          Legal

Who does GDPR concern?

Any entity, which keeps any type of personal data related to any European individual. Personal data is usually stored across all departments, however, if you have payroll, HR and/or marketing departments, then this regulation most definetely affects you.

Opportunities if compliant

-          Increase in trust and satisfaction from your customers.

-          Improve the quality of the data  in your databases.

-          By getting ready for GDPR, you are getting ready for the future digital economy

Threats if not compliant

-          Operational suspensions

-          Significant financial fines

-          Negative impact on brand image.

How can Mazars help

-          Gap Analysis

-          Record of Processing

-          Sensitive data protectionimpact analysis

-          Assessment of the data breach and incident management process

-          Assessment security solutions

-          Project quality assurance

-          Certified DPO outsourcing

-          Employee GDPR data security training

If you want to find out more details about GDPR, please download the pdf below and do not hesitate to contact us.